- Experienced Developer: The project owner has experience in residential real estate development in the Toledo and Madrid regions. In total, the developer has developed approximately 260 residential units, with a total area of around 40 000 m².
- Building Permit: The project is being developed on a plot owned by the developer. A building permit has already been issued, and part of the preparatory works on the plot have already commenced.
- Interest in the Project: The developer already has 3 signed preliminary reservation agreements, indicating high market interest in the project. The El Viso de San Juan region is experiencing growing demand for detached houses, while the supply of newly built properties remains limited.
Interest rates according to investment amount:
– From 100 EUR to 349 EUR – 9.00%
– From 350 EUR to 749 EUR – 9.30%
– From 750 EUR to 2 499 EUR – 9.60%
– From 2 500 EUR to 7 499 EUR – 9.90%
– From 7 500 EUR to 19 999 EUR – 10.20%
– From 20 000 EUR to 49 999 EUR – 10.50%
– From 50 000 EUR – 10.80%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner plans to develop a newly built residential housing project in the town of El Viso de San Juan, Toledo province, Spain. The project is being developed on a plot owned by the developer, where 8 detached single-family houses are planned to be built, with a total above-ground area of 856.56 m².
The project is located in one of the most promising residential expansion areas surrounding Madrid. El Viso de San Juan belongs to the rapidly growing south-western suburban corridor of Madrid, where demand for affordable detached housing continues to increase. Part of the population commutes daily to Madrid for work, while a significant portion of demand is also generated by the nearby Illescas logistics and industrial hub, home to international companies such as Amazon, Airbus and other logistics operators. The region is experiencing a limited supply of newly built housing, therefore new detached housing developments continue to maintain stable buyer interest.
The project owner has already invested more than 206 000 EUR of own funds into the project development, including land acquisition, design works, architectural services, taxes and other costs required for obtaining permits. Part of the preparatory works on the plot has already been initiated. Currently, the project already has 3 signed preliminary housing reservation agreements.
The planned completion of construction is Q2 2027. The total projected revenue from the sale of the project is estimated at approximately 2.33 million EUR.
Loan Information:
The loan will be repaid from proceeds generated through property sales or by refinancing with another credit institution. Interest payments will be covered from company’s working capital.
Maximum planned financing amount for the project: 1 200 000 EUR. The project is financed based on the current valuation of the pledged assets until the established maximum Loan-to-Value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be conducted, and subsequent financing stages of the Project will only be announced and funded provided the established maximum LTV is not exceeded.
Please note that the loan amount will be disbursed after the mortgage is signed and mortgage priority is granted. Mortgage registration may take several weeks after funds are disbursed. Interest for investors will start accruing from the date of signing the mortgage agreement, in line with standard Spanish market practice.
We plan to raise the target amount within 7 days, with the possibility to extend the fundraising period up to 30 days if the amount is not fully collected.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Profitus operates with Lemonway, a regulated payment service provider.
